Tether Explores New US Stablecoin Launch Targeting Institutions

Stablecoin issuer Tether Holdings SA is considering launching a US-based token aimed at institutional clients, as the company looks to capitalize on President Donald Trump’s pro-crypto administration.

The stablecoin would likely target institutions seeking faster settlement for payments between banks, Tether Chief Executive Officer Paolo Ardoino said during an interview with Bloomberg’s Odd Lots podcast.

Ardoino made his first visit to the US in March and stopped off in Washington while Trump held his inaugural digital-asset summit. The president has embraced the crypto industry by appointing friendly regulators, launching his own memecoin and endorsing a decentralized finance project ...